Sunday, Jul 05, 2009
Advanced Search
Feedback
|
RSS
Content Guide
Follow us on
Home
|
Markets & Investing
|
Companies & Industry
|
Banking & Finance
|
Economy & Policy
|
Opinion
|
Life & Leisure
|
Mgmt & Mktg
|
Tech World
|
BS Products
Section Home
|
News Now
|
Today's Paper
|
Features & Analysis
|
Politics & Public Affairs
|
Q&A
|
Columnists
|
BS Says
Home
>
Economy & Policy
Live Markets
|
Smart Portfolios
Search:
Keyword
Price
BS Headlines
Author
BS Entire Site
Web
Gujarat govt hikes professional tax
Ashish Amin / Mumbai/ Gandhinagar March 21, 2008
After imposing a tax burden of Rs 880 crore by way of increasing the value-added tax, the Gujarat government has hiked professional tax by 10-fold.
The government has already prepared an amendment to the Gujarat State Tax on Professionals, Trades Callings and Employment Bill (1976), which will be introduced in the ongoing budget session in the Assembly next week.
Currently, professional tax for the salaried class is Rs 20 per month to Rs 80 per month while for traders and businessmen, it ranges from Rs 150 per annum to Rs 1,500 per annum.
This is likely to go up to Rs 2,500 per annum for traders and business class, while the salaried people may have pay Rs 200 per month.
Besides, the government has widened the net and included a new set of professionals such as solicitors, notaries, doctors, architects, chartered accountants, and insurance and professional consultants other than building contractors, commission agents and brokers, who will have to pay Rs 2,500 per annum.
Auto brokers, tour operators, travel agents, cable operators, advertising agencies, tuition classes, tutorial teachers, computer classes, driving school owners, party plot owners, ‘angadias’ and couriers, health clubs and entertainment park owners too would have to pay Rs 2,500 per annum. Currently, this category is covered under the slab of Rs 150-1,500 per annum.
Partnership firms, factories under the Factories Act -1948, and shops registered under the Bombay Shops and Establishment Act among others would have to shell out Rs 2,500 per annum.
All traders registered under VAT will have to pay Rs 2,500 per annum as against their present slab of Rs 150-1,500 per annum. However, traders having a turnover of less than Rs 2.5 lakh will be exempt from the tax.
Transporters and money lenders too will have to pay Rs 2,500 per annum as professional tax.
As per the present structure for the salaried people, there is no professional tax below Rs 3,000 per month. While between Rs 3,000 and Rs 6,000, the tax is Rs 20 per month. Between Rs 6,000 to Rs 9,000 per month, the tax is Rs 40 per month.
For a monthly salary of Rs 9,000 to Rs 12,000, the tax is Rs 60 per month. While the tax is Rs 80 per month for monthly salary upwards of Rs 12,000 per month.
storypagge
Other Stories
-
Budget hopes boost Sensex
-
Wheat futures rise after govt lifts export ban
-
50,000 in south China evacuated after rains causes floods
-
Orders on lie detection plea on July 9
-
BSP to launch state-wide protest against fuel price hike
-
Centre has failed to tackle naxalite problem: BJP
Read Business news in
Advertisements
The most passionate motoring online website for motoring enthusiasts
Smart IT Strategies for Uncertain Times
Renew Your Car Insurance with Tata-AIG AutoSecure
Choose smart affordable IT solutions and meet customer expectations
Required : Sales executive at Bangalore, Click here to apply
Unique Maritime Investment opportunity - U.S. based Group dealing in piracy protection force
Download the E-book on the Future of Business Intelligence
Learn Best Practices for improving customer satisfaction
Know your customers better... download the free e-book on CRM
Discussion Board / User Comments (14)
Display Name
Email-Id
Post your comment
NitinMehtaRajpipla
May 21 , 2009 ,18:56 IST
When Gujrat Gov. was collecting Professional Tax,at that time there was relaxation for senior citizens,while now Municipalities are empowered to collect the professional tax from their locality,they insist senior citizens to pay professional tax also. Now will you please clarify this problem? Whether it is payable by the senior citizens or exemption is still continue?
Reply
Display Name
Email-Id
Post your comment
hiren
May 15 , 2009 ,12:49 IST
we have 2 baranch in a surat city , is proffesional tax is calculated on baranch wise or one as a unit?
Reply
Display Name
Email-Id
Post your comment
mishra
May 09 , 2009 ,16:31 IST
Hello,i am a retired military person ,presently re-employed in a pvt concern.please let me know if there is EXEMPTION on payment of PROFESIIONAL TAX by EX SERVICEMEN.
Reply
Display Name
Email-Id
Post your comment
Reply by
RAJENDRA:
June 27 , 2009 ,13:38 IST
I am retired ex servicemen and re-employed in service. kindly advice me that can I eligible for exempted from professional tax in Gujarat state
nilesh
April 30 , 2009 ,18:28 IST
i am a professional insurance agent and also serving as a salesman. My salary is 6000/- /month I have already paid 2500/- as professional tyax for the year-2008-09.Whether I have to pay aditional tax on my salary by me or my employer?
Reply
Display Name
Email-Id
Post your comment
Aggarwal
April 25 , 2009 ,21:59 IST
Is the professional tax is to be paid by the students on their fellowships, they are not paying any tax on it.
Reply
Display Name
Email-Id
Post your comment
RAJNITANEJA
February 04 , 2009 ,09:01 IST
Is their any relaxation in the payment of professional tax for physically handicapped and visually handicapped? Are the exempted from payment of professional tax ?
Reply
Display Name
Email-Id
Post your comment
mehta
January 09 , 2009 ,19:13 IST
The article has lots of words... !! can there be a table ? anyone tax consultants... can you provide a simple table with slabs and rates ? thanks
Reply
Display Name
Email-Id
Post your comment
Ketan
December 15 , 2008 ,17:16 IST
how much will be the professional tax for a monthly income of Rs. 31000 ??
Reply
Display Name
Email-Id
Post your comment
dinesh
November 19 , 2008 ,18:08 IST
what is the current professional tax payable for salaried persons.
Reply
Display Name
Email-Id
Post your comment
binod_tunna
May 26 , 2008 ,17:36 IST
Hi The article informs about Professional Tax amendment in Gujarat. The article does not give clear picture of when is this change effective? When it is proposed to be passed from assembly? What is the Professional tax rate for salaried employee.please inform me rateon salary ?
Reply
Display Name
Email-Id
Post your comment
vptrivedi1955
April 14 , 2008 ,16:04 IST
Hi The article informs about Professional Tax amendment in Gujarat. The article does not give clear picture of when is this change effective? When it is proposed to be passed from assembly? What is the Professional tax rate for salaried employee. please inform me rate of professional tax? Thanks vasudev
Reply
Display Name
Email-Id
Post your comment
vptrivedi1955
April 14 , 2008 ,15:56 IST
Hi The article informs about Professional Tax amendment in Gujarat. The article does not give clear picture of when is this change effective? When it is proposed to be passed from assembly? What is the Professional tax rate for salaried employee.please inform me rateon salary ? Thanks Vasudev
Reply
Display Name
Email-Id
Post your comment
arunsahayakumar
March 31 , 2008 ,10:38 IST
Hi The article informs about Professional Tax amendment in MP. The article does not give clear picture of when is this change effective? When it is proposed to be passed from assembly? What is the Professional tax rate for salaried employee earning more than 1.8 lakhs Can some one please inform me? Thanks Arun
Reply
Display Name
Email-Id
Post your comment
Most Popular
Read
E-Mailed
Commented
-
RNRL moves SC to restrain RIL from supplying gas
-
India joins Russia, China in questioning dollar dominance
-
Freight corridors not on slow track
-
Finding peace in a busy city
-
Coconut climbers in short supply in Kerala
More
Read
E-Mailed
Commented
-
Coconut climbers in short supply in Kerala
-
Refineries seek import duty cut on raw gold
-
Collector of stories
-
Sunanda K Datta-Ray:
More than skin-deep
-
Kishore Singh:
What married men crave!
More
Read
E-Mailed
Commented
-
Newsmaker:
Naveen Patnaik
-
PF office attaches Subhiksha's accounts
-
Uttar Pradesh seeks MSP for medicinal plants
-
CHD Developers launches CHD PLAZA
-
Railway budget disappoints Chhattisgarh
More
BS Poll
Cast Your Vote
Are you happy with the Railway Budget?
Yes
No
Hot Searches
Manmohan Singh
|
Pranab Mukherjee
|
Sonia Gandhi
|
Rahul Gandhi
|
L K Advani
|
Congress
|
Meenakshi Natarajan
|
Maruti Ritz
|
LTTE
|
Ranbaxy
|
DMK
|
Swine Flu
|
New Pension Scheme
|
Q4 Results
|
Tata Nano
|
Service tax
|
Excise duty
|
Sebi
|
Tech Mahindra
|
Election Commission
|
Ramalinga Raju
|
CitiBank
|
Satyam
|
Maytas
|
Reliance
|
RBI
|
GDP
|
Gold
|
Ratan Tata
|
Bailout plan
|
ICICI
|
Mumbai Terror Attack
|
6th Pay Commission
|
B-School
|
Mukesh Ambani
|
DLF
Sensex
|
Tax calculator
|
Anil Ambani
|
Infosys
|
Home Loan
|
Bollywood
|
Subprime Crisis
|
Personal Finance
|
inflation
|
oil prices
|
World Bank
|
TCS
|
HDFC
|
Barack Obama
Member Area
Write to the Editor
RSS
Archives
Advanced Search
Subscribe to
BS print product
BS e-paper
Newsletter
BS Products
BS Hindi
BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home
|
Markets & Investing
|
Companies & Industry
|
Banking & Finance
|
Economy & Policy
|
Opinion
Life & Leisure
|
Management & Marketing
|
Tech World
About Us
|
Partner With Us
|
Code of Conduct
|
Careers
|
Advertise with us
|
Terms & Conditions
|
Disclaimer
|
Site Map
|
Contact Us
Home
Today's Paper
News Now
BS Weekend
The Strategist
The Smart Investor
Photo Gallery
Video Gallery
Life & Leisure
Section Home
People
Features
Enterprise
Columnists
Gadgets & Gizmos
Travel
How to Spend It
Books
Leisure & Sports
Crossword
Sudoku
Companies & Industry
Section Home
News Now
Today's Paper
Q&A
People in the News
Industry News
Features
The Compass
Research & Analysis
Opinion
Corporate Results
Banking & Finance
Section Home
News Now
Today's Paper
Columnists
BS Says
Money & Forex Markets
Q&A
Bank
Insurance
Monetary Policy
Banking Annual
Markets & Investing
Section Home
News Now
Today's Paper
Features
Stock Watch
PF News
PF Features
IPOs
Mutual Funds
Commodities
Market Trends
Stock Performance
Company Financials
Money & Forex
Economy & Policy
Section Home
News Now
Today's Paper
Features & Analysis
Politics & Public Affairs
Q&A
Columnists
BS Says
Mgmt & Mktg
Section Home
Guru Speak
Management
Marketing
Strategy
Kit
the strategist
Columnists
B- Schools
Books & Ideas
People & Careers
Tech World
Section Home
News Now
Features & Analysis
IT/ITES
Telecome
Hardware
Columnists
Gadgets & Gizmos
Opinion
Section Home
Editorials
Compass
BS Pepole
Columnists
BS Product
BS Billionaires
BS 1000
Fund Manager
Banking Annual
Awards
Books
BS Hindi
BS Motoring
BS Bazaar
Live Markets
Smart Portfolios
BS Blogs
BS Messenger
BS Specials
Q3 FY09 Results
Credit Policy
Saving Satyam
Your Money
India-Pakistan Tensions
Tracking the Downturn
Business Life
Buy or Sell?
M & A
Business Law
Business Education
Regional Business Life
SME
ICE World
Time Out
Press Releases
Politics
Inflation under control